Chinese Hulled Millet: Sufficient Supply in the Market

DALIAN: There is a certain amount of inventory in the intermediate links, most purchased last autumn, and the cost is higher than the current market price. The grain merchants are holding the goods in an appropriate amount, intending to reduce the average cost of the inventory. However, the downstream demand is not good, the actual circulation is small, and the enthusiasm of grain merchants to purchase has declined. In most production areas, about 40% of the grass-roots grain sources, coupled with the carryover of old grains, the market supply is still sufficient. Short-term valley prices lack the motivation to continue to rise, and after the end of the suppression of goods, there may be a slight correction in local prices.

Current Market Price in FOB China for Chinese Hulled Millet